GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
| Schedule of Activity of Goodwill |
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U.S.
|
|
International
|
|
|
|
|
|
(In thousands)
|
|
Markets
|
|
Markets
|
|
Total
|
|
|
Balance as of December 31, 2014
|
|
$
|
2,289,800
|
|
$
|
—
|
|
$
|
2,289,800
|
|
|
Acquisition of Starplex Cinemas
|
|
|
116,891
|
|
|
—
|
|
|
116,891
|
|
|
Balance as of December 31, 2015
|
|
|
2,406,691
|
|
|
—
|
|
|
2,406,691
|
|
|
Acquisition of Odeon Cinemas
|
|
|
—
|
|
|
898,627
|
|
|
898,627
|
|
|
Acquisition of Carmike Cinemas
|
|
|
624,803
|
|
|
—
|
|
|
624,803
|
|
|
Adjustments to Starplex Cinemas
|
|
|
13,260
|
|
|
—
|
|
|
13,260
|
|
|
Currency translation adjustment
|
|
|
—
|
|
|
(10,421)
|
|
|
(10,421)
|
|
|
Balance as of December 31, 2016
|
|
$
|
3,044,754
|
|
$
|
888,206
|
|
$
|
3,932,960
|
|
|
| Schedule of detail of other intangible assets |
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December 31, 2016
|
|
December 31, 2015
|
|
|
|
|
|
|
Gross
|
|
|
|
|
Gross
|
|
|
|
|
|
|
|
Remaining
|
|
Carrying
|
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Accumulated
|
|
Carrying
|
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Accumulated
|
|
|
(In thousands)
|
|
Useful Life
|
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Amount
|
|
Amortization
|
|
Amount
|
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Amortization
|
|
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Amortizable Intangible Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Favorable leases
|
|
1 to 42 years
|
|
$
|
198,145
|
|
$
|
(27,849)
|
|
$
|
122,831
|
|
$
|
(20,592)
|
|
|
Management contracts and franchise rights
|
|
1 to 9 years
|
|
|
5,771
|
|
|
(3,150)
|
|
|
4,540
|
|
|
(2,399)
|
|
|
Non-compete agreement
|
|
4 years
|
|
|
2,600
|
|
|
(535)
|
|
|
2,300
|
|
|
—
|
|
|
Starplex trade name
|
|
10 years
|
|
|
7,900
|
|
|
(198)
|
|
|
—
|
|
|
|
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|
Carmike trade name
|
|
7 years
|
|
|
10,000
|
|
|
(62)
|
|
|
—
|
|
|
—
|
|
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NCM tax receivable agreement
|
|
20 years
|
|
|
20,900
|
|
|
(3,639)
|
|
|
20,900
|
|
|
(2,804)
|
|
|
Total, amortizable
|
|
|
|
$
|
245,316
|
|
$
|
(35,433)
|
|
$
|
150,571
|
|
$
|
(25,795)
|
|
|
Unamortized Intangible Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AMC trademark
|
|
|
|
$
|
104,400
|
|
|
|
|
$
|
104,400
|
|
|
|
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|
Starplex trade name
|
|
|
|
|
—
|
|
|
|
|
|
8,200
|
|
|
|
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|
Odeon trade names
|
|
|
|
|
50,859
|
|
|
|
|
|
—
|
|
|
|
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Total, unamortizable
|
|
|
|
$
|
155,259
|
|
|
|
|
$
|
112,600
|
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| Schedule of amortization expense associated with the intangible assets |
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Year
|
|
Year
|
|
Year
|
|
|
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Ended
|
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Ended
|
|
Ended
|
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|
|
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December 31,
|
|
December 31,
|
|
December 31,
|
|
|
(In thousands)
|
|
2016
|
|
2015
|
|
2014
|
|
|
Recorded amortization
|
|
$
|
9,642
|
|
$
|
8,380
|
|
$
|
8,804
|
|
|
| Schedule of estimated annual amortization for the next five fiscal years for intangible assets |
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|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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(In thousands)
|
|
2017
|
|
2018
|
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2019
|
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2020
|
|
2021
|
|
|
Projected annual amortization
|
|
$
|
17,283
|
|
$
|
16,576
|
|
$
|
14,876
|
|
$
|
13,991
|
|
$
|
12,940
|
|
|
| Odeon |
|
| Schedule of additional information of intangible assets acquired |
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|
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|
Weighted Average
|
|
Gross
|
|
|
(In thousands)
|
|
Amortization Period
|
|
Carrying Amount
|
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Odeon Acquired Intangible Assets:
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|
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|
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Amortizable Intangible Assets:
|
|
|
|
|
|
|
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Favorable leases
|
|
18.3 years
|
|
$
|
59,438
|
|
|
Management contracts
|
|
7.4 years
|
|
|
1,195
|
|
|
Total, amortizable
|
|
18.1 years
|
|
$
|
60,633
|
|
|
| Carmike |
|
| Schedule of additional information of intangible assets acquired |
|
|
|
|
|
|
|
|
|
|
Weighted Average
|
|
Gross
|
|
(In thousands)
|
|
Amortization Period
|
|
Carrying Amount
|
|
Carmike Acquired Intangible Assets:
|
|
|
|
|
|
|
Amortizable Intangible Assets:
|
|
|
|
|
|
|
Favorable leases
|
|
17.2 years
|
|
$
|
15,876
|
|
Carmike trade name
|
|
7 years
|
|
|
10,000
|
|
Total, amortizable
|
|
13.3 years
|
|
$
|
25,876
|
|